Description
BRING FAMILY CLOSER WITHOUT SACRIFICING PRIVACY! The Duo Collection features a beautiful 2-storey home plus a fully finished lower-level secondary dwelling with its own private entrance, kitchen, laundry and HVAC system. Two Rental Units. One Real Estate Investment.Discover an opportunity to own a townhome duplex with two separate rental units generating a combined rental income of $4,000 per month, or $48,000 annually.The Investment at a Glance- Purchase price: $779,999- Down payment: $156,000 (20%)- Illustrative mortgage: $623,999- Financing assumption: 4.99% fixed interest rate, amortized over 30 years- Upper unit rental income: $2,200 per month- Lower apartment rental income: $1,800 per month- Total monthly rental income: $4,000- Total annual rental income: $48,000- Gross rental yield: Approximately 6.15%Why Consider Maple Grove?Two income streams. Generate rental income from two separate residential units within one property.An established rental model. With combined rents of $4,000 per month, investors can evaluate the property's income potential against financing and operating costs.Long-term real estate potential. In addition to rental income, investors may benefit from mortgage principal reduction and potential property appreciation over time. Neither appreciation nor future rental increases are guaranteed.An investment you can evaluate with real numbers. Review the rental income, financing assumptions and operating expenses to determine whether the property aligns with your investment objectives.Your Next Investment Could Be Maple Grove.All mortgage figures are estimates based on the stated interest rate and amortization, subject to lender approval and financing terms. Gross rental yield is before expenses and is not the cap rate or net ROI. Actual returns depend on operating expenses, vacancy, financing, taxes, maintenance and other costs. Investors should independently verify rental income, expenses and applicable legal requirements. (id:13843)
Details
| MLS # | X13867860 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Status | Active |
| Days On Site | 22 |
| Listing Provided By | BENNETT PROPERTY SHOP REALTY | Marnie Bennett |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 1,500 |
| Garage | 2 |
| Basement | Y |
| Story(s) | 2 |
Interior
| Cooling | Central air conditioning |
|---|---|
| Heating | Forced air, Natural gas |
| Appliances | Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave, Hood Fan, Garage door opener remote(s), Water Heater |
| Fireplace Yes / No | No |
Exterior
| Foundation Details | Poured Concrete |
|---|
Parking
| Parking Features | Attached Garage, Garage |
|---|---|
| Parking Total | 2 |
Utilities
| Sewer | Sanitary sewer |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 0 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Ottawa |
| Postal Code | K2S0P4 |
| Listing VS Median (in K2S0P4) | |
Price: $779,999 low | high Med: $786,999 sqft: 1,500 low | high Med: 1,500 $ / sqft: $520 low | high Med: $525 On site: 22 low | high Med: 22 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Ottawa |
| Postal Code | K2S0P4 |
| Listing VS Median (in K2S0P4) | |
Price: $779,999 low | high Med: $786,999 sqft: 1,500 low | high Med: 1,500 $ / sqft: $520 low | high Med: $525 On site: 22 low | high Med: 22 | |
